Universal Beteiligungs und Servicegesellschaft mbH Takes $15.45 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,792 shares of the technology company's stock, valued at approximately $15,449,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Tyler Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of TYL. Norges Bank bought a new stake in shares of Tyler Technologies during the fourth quarter worth $528,465,000. Van ECK Associates Corp increased its position in shares of Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after acquiring an additional 524,259 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tyler Technologies during the fourth quarter worth $159,947,000. JPMorgan Chase & Co. increased its position in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after acquiring an additional 275,511 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of Tyler Technologies by 8,973.6% during the fourth quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company's stock worth $89,052,000 after acquiring an additional 152,731 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL traded up $4.86 during trading hours on Friday, hitting $576.54. The company had a trading volume of 457,622 shares, compared to its average volume of 262,287. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 95.14, a PEG ratio of 4.93 and a beta of 0.88. The business has a fifty day moving average of $561.41 and a 200-day moving average of $586.83. Tyler Technologies, Inc. has a 12 month low of $458.50 and a 12 month high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 earnings per share. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. This trade represents a 46.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 3,333 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $568.46, for a total transaction of $1,894,677.18. Following the completion of the transaction, the chief financial officer now directly owns 11,231 shares in the company, valued at approximately $6,384,374.26. This represents a 22.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,781 shares of company stock valued at $13,848,787. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TYL shares. Piper Sandler lowered their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Truist Financial restated a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Robert W. Baird reduced their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Barclays reduced their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $687.82.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.